Claim Business Tax Credits

Tax credits directly reduce the amount of tax owed, making them highly valuable. Consider the following:

• Work Opportunity Tax Credit (WOTC): Employers can claim up to $2,400 per eligible employee from targeted groups facing employment barriers.
  
• Small Employer Pension Plan Startup Costs Credit: Claim up to $5,000 annually for three years to offset the costs of starting a retirement plan.
  
• Energy Efficiency Credits: Businesses can claim up to 30% of costs for clean energy upgrades, such as solar panels or energy-efficient vehicles.